Tube Investments of India Limited has confirmed that the promoters and promoter group of Shanthi Gears Limited have not created any encumbrances during the financial year 2025-26. The disclosure confirms that no direct or indirect charges were placed on shares other than those previously reported to the target company.

The confirmation was submitted in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Simultaneously, the information was provided to the Audit Committee of Shanthi Gears Limited in accordance with Regulation 31(5)(b) of the regulations.

Regulatory Compliance

The filing ensures transparency regarding the holding status of the promoters. By confirming the absence of new encumbrances, the company adheres to the disclosure requirements mandated by the market regulator for substantial acquisitions and takeovers.

Shanthi Gears Limited appointed Mr. Sudhir R as its Chief Financial Officer effective June 4, 2026. The decision was taken during a board meeting held on the same day, following recommendations from the Nomination and Remuneration Committee and approval from the Audit Committee. The company clarified that the appointment is effective from his date of joining, and the specific effective date will be intimated upon his joining. The appointment aims to strengthen the company's financial leadership as it continues its operations.

Mr. Sudhir R is a qualified Chartered Accountant with two decades of experience in finance, treasury, business transformation, IPOs, M&A, and operational leadership across diversified business sectors. He previously served as the Chief Financial Officer of Revathi Equipment Limited and has worked with organizations including Arvind Limited, GOGO International Private Limited, and SA Rawther Spices Private Limited.

Authorized Key Managerial Persons

Pursuant to Regulation 30(5) of the SEBI Listing Regulations, the company authorized specific Key Managerial Persons (KMP) to determine materiality of events and make disclosures to stock exchanges. The authorization is effective from June 4, 2026.

The board meeting commenced at 04.20 P.M. and concluded at 04.55 P.M. on June 4, 2026. Walter Vasanth P J, Company Secretary & Compliance Officer, signed the disclosure on behalf of Shanthi Gears Limited.